DJIA Market Happenings For Monday, July 1, 2024 – Honeywell (HON) 213.54 Up +1.83% YTD

There are no Dow stocks hitting 52-week highs. Dow stock 52-week lows include Nike (NKE) 75.37 (-19.98%).

The Market

Premarket today, the Dow was indicated to be up +48 points.

Friday the Dow closed down -45.20 (-0.12%) at 39,118.86.

Year-to-date the Dow is up +3.79%.

Thursday, (14) Dow stocks were up, (1) made 52-week lows and (2) made 52-week highs.

The Dow stock winners Thursday were led by UnitedHealth (UNH) 509.26 (+4.69%), Caterpillar (CAT) 333.10 (+1.72%) and Salesforce (CRM) 257.10 (+1.68%).

The Dow stock losers Thursday were led by Nike (NKE) 75.37 (-19.98%), Merck (MRK) 123.80 (-4.64%) and Disney (DIS) 99.29 (-2.82%).

The VIX closed Thursday at 12.44 (+1.63%) and the 10 YR at 4.385 (+2.50%). The VIX is currently at 12.93 (+3.94%). The 10YR is at 4.444 (+2.74%).

Looking ahead on this holiday-shortened trading week, investors will be watching for the June jobs report, coming Friday morning.

Boeing (BA) said Monday that it will buy back fuselage maker Spirit AeroSystems in an all-stock deal worth $4.7 billion. Including Spirit’s debt, the deal has a transaction value of $8.3 billion. Boeing, which spun off Spirit in 2005, said reuniting the two companies would improve safety and quality control at a time when Boeing is facing growing scrutiny and a host of production problems. Meanwhile, the Department of Justice plans to seek a guilty plea from Boeing for misleading a federal regulator over two fatal 737 Max crashes that killed 346 people, according to attorneys for the victims’ family members.

Bitcoin rose 5% over the weekend to start the week at the $62,000 level. Investors are expecting recent weakness could linger in July but are optimistic about the second half of the year.

The Dow gained +1.1% in June for its seventh positive month in eight,

U.S. futures are higher, European stocks are higher and Asian markets ended mostly higher.

The national average price of gasoline is down one-tenth of a cent at $3.491 per gallon.

Earnings Reports

Nike (NKE) reported earnings on 6/27/24 after the market close with $1.01, beating estimates of $0.83 per share.

JPMorgan (JPM) reports earnings on 7/12/24 before the market open.

Goldman Sachs (GS) reports earnings on 7/15/24 before the market open.

UnitedHealth (UNH) reports earnings on 7/15/24 before the market open.

Johnson & Johnson (JNJ) reports earnings on 7/17/24 before the market open.

American Express (AXP) reports earnings on 7/19/24 before the market open.

Travelers (TRV) reports earnings on 7/19/24 before the market open.

Coca Cola (KO) reports earnings on 7/23/24 before the market open.

Verizon (VZ) reports earnings on 7/23/24 before the market open.

Visa (V) reports earnings on 7/23/24 after the market close.

IBM (IBM) reports earnings on 7/23/24 after the market close.

Intel (INTC) reports earnings on 7/25/24 after the market close.

Dow (DOW) reports earnings on 7/25/24 before the market open.

Honeywell (HON) reports earnings on 7/25/24 before the market open.

Today’s Featured Dow Stock

Honeywell (HON)

Honeywell (HON) 213.54 (-0.39%) is up +1.83% in 2024.

Financial Calendar

09:45 AM ET S&P Global US Manufacturing PMI (Jun), 51.7, 51.3
10:00 AM ET Construction Spending (MoM) (May), -0.1%
10:00 AM ET ISM Manufacturing Employment (Jun), 51.1
10:00 AM ET ISM Manufacturing New Orders Index (Jun), 45.4
10:00 AM ET ISM Manufacturing PMI (Jun), 49.0, 48.7
10:00 AM ET ISM Manufacturing Prices (Jun), 57.0
11:30 AM ET 3-Month Bill Auction, 5.235%
11:30 AM ET 6-Month Bill Auction, 5.140%
12:00 PM ET Atlanta Fed GDPNow (Q3)

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